|Bid||54.56 x 1100|
|Ask||54.71 x 1100|
|Day's range||53.72 - 55.01|
|52-week range||25.08 - 79.46|
|Beta (5Y monthly)||1.37|
|PE ratio (TTM)||23.57|
|Forward dividend & yield||2.08 (3.83%)|
|Ex-dividend date||16 Jun 2020|
|1y target est||70.50|
Restaurant Brands International (QSR) comps continue to benefit from robust digital platform.
Chowing down on chicken appears to be a nearly pandemic-proof trend in the U.S., as Restaurant Brands International (NYSE: QSR) reported today. The company detailed a more than 40% increase in same-store sales at Popeyes "as of the third full week in May." Even with the coronavirus on the loose in March, the restaurant's sales remained flat year over year rather than declining, unlike RBI's other major brands and its competitors. According to the same SEC filing, sales at Burger King and Tim Hortons, RBI's two other main brands, are still posting negative same-store sales figures year over year, but have improved from the second half of March.
Popeyes chicken sales made a massive comeback and surged in May, according to a new SEC filing.
As the rest of the restaurant industry reels from the impact of COVID-19, pizza chains are coming out on top.
KFC is jumping into the chicken sandwich wars with a new chicken sandwich test.
Turning its attention to the "fried chicken sandwich wars," Yum! Brands (NYSE: YUM) subsidiary KFC will start testing an upgraded chicken sandwich today in Orlando, Florida. The bigger, better chicken offering costs $3.
Kentucky Fried Chicken on Tuesday will begin testing an overhauled sandwich featuring a bigger chicken filet and other modifications that could reignite last year's Great Chicken Sandwich Wars with rivals Popeyes and Chick-fil-A. Brands Inc, will sell the new version of its chicken sandwich for 26 days - or until supplies run out - at 15 locations in and around Orlando, Florida for $3.99. The larger chicken filet will come on a brioche bun with thick pickle slices and mayonnaise.
Online access to the meeting will begin at 7:45 a.m. Eastern Time . You will not be able to attend the Meeting in person. If you were a holder of record of common shares of Restaurant Brands International Inc., at the close of business on April 15, 2020 (the "Record Date") (i.e., you held your shares in your own name as reflected in the records of our transfer agent, Computershare), you can attend the Meeting online by accessing https://web.lumiagm.com/271571453 and entering the 15-digit control number on the Proxy Card or Notice of Availability of Proxy Materials you previously received and the meeting password, restbrand2020 (case sensitive).
Fast food giant Taco Bell is ramping up hiring and announced today that it will be hiring 30,000 workers this summer.
The restaurant sector will take time to recover from the economic fallout of COVID-19, but McDonald’s (MCD) is well positioned long term, says one analyst.
The probability that U.S. restaurants will default has soared in recent weeks as a result of the devastating COVID-19 pandemic, according to S&P Global Market Intelligence.
States across the U.S. are beginning to reopen parts of their economies, and a surprising number of consumers are willing to visit restaurants as soon as they reopen, according to a new survey by Piper Sandler.
In an open letter published this morning, Restaurant Brands International (NYSE: QSR) described the changes it's making to reassure customers and staff of their health and safety as it begins the process of reopening. RBI, parent company of the well-known Burger King, Popeyes, and Tim Hortons brands, closed its dining rooms during March in accordance with government orders intended to slow the spread of COVID-19. The safety steps assist in protecting customers while letting them enjoy a normal dine-in meal at the restaurants.
TORONTO , May 12, 2020 /CNW/ - After eight long weeks, most of us in North America are now shifting our mindset from crisis mode to recovery mode. Governments and health authorities are releasing reopening plans for our communities. With almost 15,000 restaurant locations across North America , team members and restaurant owners at Burger King, Tim Hortons and Popeyes have done an incredible job in operating drive-thru, delivery and mobile channels efficiently and safely throughout this crisis.
Fried chicken chain Popeyes is forging ahead with the opening of its first outlet in China despite the coronavirus outbreak and plans to set up "a few more" by the end of the year in several Chinese cities, its executives said on Tuesday. The Cajun-inspired fast food company, which said last year it planned to open 1,500 restaurants in China over the next decade, open its first outlet in the financial hub of Shanghai on Friday. "It will have a temporary effect," Korhan Kurdoglu, vice chairman of restaurant operator TFI Tab Foods Investments (TFI), said of the coronavirus, which has infected 4.2 million people worldwide after emerging in China last year.
With that, I will now turn the call over to our chairman and CEO, Dan Accordino. As you will recall from our Q4 call, we began 2020 with optimism with respect to what we intended to accomplish this year in improving operations across our restaurants, resetting our priorities in terms of capital allocation, and generating free cash flow.
At this time, I would like to welcome everyone to the FY 2020 first-quarter financial results conference call. To access the press release and the financial results details, please see the Investor Relations and News section of our website at www.partech.com.
Yahoo Finance speaks with Wingstop CEO Charlie Morrison following a bang up first quarter. Here's what drove some savory sales gains.
Shares of Restaurant Brands International (NYSE: QSR) jumped 23.2% higher in April, according to data from S&P Global Market Intelligence. It represented a battle for the restaurant operator to overcome the steep plunge it suffered in March as a result of the coronavirus being declared a pandemic. Restaurants were among the first businesses ordered closed by the government to help contain the spread of COVID-19, but fast food chains in particular benefited from being allowed to stay open so long as it was for carryout or delivery orders.
Restaurants around the country face a grim future as they look to reopen during the coronavirus pandemic.